FB, NVDA calls up for me this morning. RUN going down some more so, reducing my losses on it. AEO and JPM is flat to slightly up.
I've got about $30k in cash left in this $148k account and I'm thinking of putting it all into AMZN here. I know I have $63k exposure in AMZN now with that big unrealized gain, but I feel like it's not enough especially on this run AMZN is having. BTW smallfil, I thought RUN might dip back staying under at that 50-day ma. Good hold.
I've started adding CRM Sep $150 calls here. The earning report was consistent with the last few quarters and CRM is trading in that pattern where it opens lower, touches a low, and then starts to rebound. I like the trade here holding it for a couple of weeks where I'm looking for something above $155.
I had to adjust positions in light of the headline. I'm fully out of AMZN now and I locked in profits in SQ too. I took the loss on JPM calls too, and also decided on taking in small gains on ETSY here. If there ever was a reason to lock in profits for these short term trades, this was it. I still want to be in that run on AMZN to $1T, but I'll let the market digest the news first and then re-evaluate AMZN tomorrow morning. I rather lock in the gains from this morning. On the AMZN position, I took a gain of $9.9k on the AMZN Sep 7 $2000 calls and a loss of -$3.9k on the AMZN Aug 31 $2020 calls. Not exactly my plan, but I'll take it for now.
Thanks vanz, that LULU was almost like clockwork from 3 months ago. I'm just hoping it has a 10% gap tomorrow. I'll need something above $148 to really see any gains. SQ was the one the waited to have a reason to sell, and it looks like Trump came out ahead of his usual Friday morning. I also took out the ETSY calls too locking in $800 on that trade while the SQ 75 calls gave me just under $10k. I was hoping for a +300% return, but it came to +274% for that 2 week ride. I want to see NTAP hit my target before I close out. That CRM Sep 150 call I set up ahead of the headline's not looking good right now. We'll see if that pattern plays out and CRM comes around. Only the CMG puts benefited on the afternoon selling. I want to get back into AMZN tomorrow and ride it above $2050. I've got a feeling we could see something more like what AAPL did when it broke above that $1T mark. That'll be my entry tomorrow once the market digest everything.